The cannabis industry is rapidly maturing, attracting more mainstream attention and investment on the back of tremendous political strides in 2020.
But more mainstream capital oftentimes spells less diversity. And in an industry built in the aftermath of punitive cannabis laws that have disproportionately impacted people of color, activists, lawmakers, and even celebrities like Jay-Z are working to build a more equitable cannabis industry from the ground up. Cheddar's cannabis reporter Chloe Aiello has more.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
